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ETF Series Solutions ClearShares Ultra-Short Maturity
By James J. Puplava
"History repeats itself, but in such cunning disguise that we never detect the resemblance until the damage is done." - Sydney J. Harris
"Those who cannot remember the past are condemned to repeat it." - George Santayana
This year marks my 40th year in the business. During these past four decades, I have seen fads and cycles come and go. When I began my career, the inflation of the late 60s and 70s was coming to an end along with a peak in interest rates. As shown in the graph below,